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Training operations. reporter: a lack of transparency suggest the government hides other things. what else are we going to give them authority to not tell the american people because they re interested in controlling and keeping us in a bubble. orson welles 1938 radio drama war of the worlds freak people out so much they crashed cars and jumped out of buildings. i am a muslim, i am a black man i am in indiana i could do with a lot. reporter: lawmakers hope this hearing sheds light on the question, are we really alone? jonathan? chad, thank you very much. let s bring in our fox news contributor and chairman of the house oversight and government reform committee. jason, great to see you as always. ....
Avoidance transaction. the senate s permanent subcommittee on investigation agrees. back in 2014, it released the findings of its investigation into basket options and the companies that use them. it determined that basket options were, quote, misused to dodge billions in taxes. senator jain s opening statement targeted mercer s company specifically and the estimated $6.8 billion in taxes it avoided paying through its use of basket options. today s hearing sheds light on how wren nance technologies was able to avoid paying more than $6 billion dollars in taxes by disguising its date today stock traesds as long-term investments. i sat down with daniel shabiro, professor of new york university s law school to ask him if mercer s company might owe billions in back taxes because of its use of basket options. first, can you walk us through the transaction, these ....